The death of the singer of Black Sabbath and the legend of rock Ozzy Osbourne sparked a dramatic peak of interest in his NFT project.
The “Cryptobatz” collection on Opensea jumped more than 400% shortly after the announcement of its death.
The heritage of Ozzy Osbourne fuels a digital renewal
Osbourne launched the “Cryptobatz” collection of 9,966 pieces at the height of the Boom of the NFT at the end of 2021. Each token represents a digital bat – a nod to one of the most controversial moments of his career.
Since its release, Cryptobatz had already attracted fans of both Heavy Metal and Crypto. But after the death of Osbourne, the NFT increased in value, marking a sharp increase in market activity.
The project was the first official collection of Osbourne NFT, carried out in collaboration with digital artists.
Beyond being collection images, Cryptobatz offered a unique characteristic: each bat could “bite” another NFT to form a hybrid called “Mutantbatz”.
This mechanic allowed holders to combine their cryptobatz with high -level collections NFT such as Bored Ape Yacht Club, Pressuducks and Cryptototoadz.
A tribute to a wild heritage
The concept was inspired by an incident of 1982 during a concert at monks, in Iowa. Osbourne bit his head of what he thought was a rubber bat – a moment that has become a part of the history of rock.
Speaking at the launch, Osbourne once said that he wanted an annoyed monkey for Christmas but that he was refused by his wife, Sharon.
Instead, he decided to create his own collection – a decision that resonated with NFT fans and collectors.
Osbourne has never publicly revealed how much he won the project. However, the overvoltage of trading value and volume suggests that the collection was successful financially.
NFT market still in decline
Despite the Cryptobatz rebound, the wider market of the NFT remains well below its top of all time. Currently, total market capitalization is $ 1.47 billion – a sharp drop compared to the $ 507 billion recorded in April 2022. # # #
According to CoinmarketCap, daily trading volumes oscillate around $ 12.8 million, while average sales of digital collectors reach only $ 71,900.
The market still shows signs of weakness, even if collections focused on heritage like the Osbourne briefly relaunch interest.
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